Edelman Financial Engines
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Overview
Edelman Financial Engines is located at 3945 Freedom Circle, Santa Clara, CA. The firm employs 491 financial advisors to manage client portfolios and provide financial guidance. Edelman Financial Engines is not a registered broker-dealer.
Edelman Financial Engines oversees $270.8 billion in assets under management across 1,561,555 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to 100,500 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, other investment advisers, and corporations, with other investment advisers being the largest client type by accounts. The fee structure at Edelman Financial Engines includes asset-based, hourly, fixed, and other fees. The firm has 31,824 high net worth clients and maintains affiliations with an accountant or accounting firm and an insurance company or agency.
Edelman Financial Engines is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Edelman Financial Engines by the Numbers
$270.8 billion
1,578
1,561,555
$173.4 thousand
Products and Services
Edelman Financial Engines provides multiple services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars. In the last financial year, Edelman Financial Engines provided financial planning services to 100500 of its customers. It is involved in selling products or offering services other than investment advice to its clients.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial advice usually depend on the services provided. Fees charged by Edelman Financial Engines most likely include any combination of the following fee types: asset-based, hourly, fixed, or other. The company participates in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 0% of firms
Subscription
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Offered by 32% of firms
Fixed
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Offered by 10% of firms
Other
Unavailable
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
Types of Clients
The firm does business with a broad range of investors. The company provides services to retail investors, high net worth investors, pension plans, charitable organizations, other investment advisers, and corporations. Out of its 6 clients, Edelman Financial Engines's largest client type by number of accounts is other investment advisers, but it also manages money for 31824 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of at least $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).
- High-Net-Worth Individuals* - 6.77%
- Other Individuals - 93.13%
- Corporations - 0.1%
- Charitable Organizations - 0.01%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Edelman Financial Engines does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Edelman Financial Engines
Columbus, OH
Columbia, SC
Los Angeles, CA
Phoenix, AZ
Spokane Valley, WA
Tafton, PA
Fort Worth, TX
Clifton Park, NY
Phoenix, AZ
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SmartAsset’s free advisor matching tool makes it easier to find a vetted advisor so you can make an informed decision and choose one that you feel best suits your individual needs. Click here to find your advisor matches today.
The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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